Guideline Value for THIRUNAVUKARASAR STREET (WARD -6)

Thirunavukarasar Street (Ward -6) guideline value

The current guideline value of Thirunavukarasar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thirunavukarasar Street (Ward -6) has changed

The guideline value for Thirunavukarasar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Thirunavukarasar Street's 2024 figure above that median.

• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirupozai Street: Rs 1,320 per sq.ft (2024)
• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirumanagaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunavukarasar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirunavukarasar Street (Ward -6)?

The Sub Registrar Office that covers Thirunavukarasar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value is an essential factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office will use the guideline value to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Thirunavukarasar Street (Ward -6)?

The current guideline value of Thirunavukarasar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Sattamangalam with similar guideline values?

Other streets in Sattamangalam with similar guideline values include Thirupanalwar Street, Thirupavai Street, Thirupozai Street, Thirumoolar Street, and Thirumanagaialwar Street, all at Rs 1,320 per sq.ft in 2024.

What is the registration fee for a property in Thirunavukarasar Street (Ward -6)?

The registration fee for a property in Thirunavukarasar Street is calculated based on the guideline value. For instance, for a 1,000 sq.ft plot, the total registration fee would be Rs 1,18,800, which includes stamp duty and registration fees.

Which office handles the registration for Thirunavukarasar Street (Ward -6)?

The Chengleput Joint II Sub Registrar Office handles the registration for Thirunavukarasar Street (Ward -6). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.